Somnigroup International Inc. (SGI) – What Are Analysts Saying About This Stock?

Somnigroup International Inc. (NYSE:SGI) has received a consensus rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $95.00.

A number of research firms have recently commented on SGI. Piper Sandler restated an “overweight” rating and set a $100.00 target price (up from $95.00) on shares of Somnigroup International in a research report on Thursday, September 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Somnigroup International in a research note on Friday, August 21st. Wall Street Zen raised shares of Somnigroup International from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. UBS Group upped their price objective on shares of Somnigroup International from $94.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Stephens upgraded shares of Somnigroup International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $80.00 in a research report on Monday, September 14th.

Somnigroup International Stock Performance

Shares of NYSE SGI opened at $65.96 on Friday. The company’s fifty day moving average price is $64.44 and its 200 day moving average price is $69.61. Somnigroup International has a 1 year low of $60.08 and a 1 year high of $98.56. The company has a market capitalization of $13.88 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.03 and a beta of 1.24. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75.

Somnigroup International (NYSE:SGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. On average, research analysts predict that Somnigroup International will post 3.11 earnings per share for the current year.

Somnigroup International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Somnigroup International’s payout ratio is currently 27.20%.

Insider Activity at Somnigroup International

In related news, CEO Scott Thompson purchased 30,000 shares of Somnigroup International stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the transaction, the chief executive officer directly owned 4,123,634 shares in the company, valued at approximately $259,129,160.56. This trade represents a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Somnigroup International

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Somnigroup International during the 2nd quarter worth approximately $1,507,604,000. Linonia Partnership LP purchased a new position in shares of Somnigroup International in the second quarter worth about $519,372,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Somnigroup International by 62.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,046,320 shares of the company’s stock worth $224,240,000 after buying an additional 1,171,485 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Somnigroup International during the 2nd quarter worth approximately $204,632,000. Finally, Avala Global LP acquired a new position in shares of Somnigroup International during the 2nd quarter worth approximately $107,831,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Somnigroup International Company Profile

Somnigroup International Inc (NYSE: SGI) is a global bedding and sleep-products company. Its portfolio includes mattresses, pillows, adjustable bases, foundations, bed frames and other sleep-related products sold through retail stores, e-commerce channels and furniture and specialty retailers.

The company’s principal brands include Tempur-Pedic, Sealy and Stearns & Foster. Somnigroup also operates Mattress Firm, a large specialty mattress retailer in the United States, providing consumers with access to a broad range of bedding products from its own brands and other manufacturers.

Somnigroup International was formerly known as Tempur Sealy International.